REVISED RENT. If the Rent shall be varied from time to time pursuant to the provisions of Parts 3 and 4 of the First Schedule to pay from the Relevant Review Date the varied Rent on the Installment Days and the Rent as so varied shall remain payable until the next Rent revision or the determination of the Term as the case may be.
REVISED RENT. The Revised Rent shall be assessed on the basis of letting, with full vacant possession of the Demised Premises for the open market annual rent which might be expected to be paid in respect of the Demised Premises at the Review Date as between a willing Landlord and willing Tenant at arms length without payment of any fine or premium on a Lease of the whole Demised Premises for a Term (commencing on the Review Date) equal to the greater of fifteen years or the residue then unexpired of the Term granted by the within written Lease at the relevant Review Date and subject to the provisions therein set forth (other than as to the amount of the initial rent thereby reserved but including such said provisions as pertain to the review of rent) (hereinafter called "the Revised Rent"). For the purposes of this Schedule, "the Review Date" means each and every one of the Review Dates as defined in the Definitions section of this Lease. ASSUMPTIONS MADE IN ASSESSING REVISED RENT The Revised Rent shall be made on the following assumptions: At and until the Review Date all the covenants on the part of the Tenant and the conditions contained in the within Lease have been fully performed and observed; The Demised Premises are povided to the Tenant in accordance with the Landlord's Specifications contained in the Fifth Schedule. In the event that the Demised Premises or any part thereof has been destroyed or damaged by the Insured Risks that the same have been fully restored and made good; The benefit of any actual and authorised use at the relevant Review Date; No work has been carried out to the Demised Premises which has diminished its rental value. Regard is to be had to other open market rental values current at the Review Date insofar as they may be deemed pertinent to the determination of the Revised Rent.
REVISED RENT. (a) Upon receipt of the Tenant's written notice stating its intention to tenant the Demised Premises for the Second Renewal Term, the Landlords shall inform the Tenant of the Revised Rent, which is to be based on the then prevailing market ental rates for property similar in nature, use and location to the Demised Premises.
(b) Upon receipt of written notice of the Revised Rent, the Tenant shall be entitled to negotiate the Revised Rent with the Landlords for a period of one month (or such longer period as the Tenant and Landlords may mutually agree). If at the end of such period, the Landlords and the Tenant are unable to agree on the Revised Rent, the Tenant shall be entitled to withdraw its notice to take up the Second Renewal Term and shall be under no obligation to tenant the Demised Premises for the Second Renewal Term.
REVISED RENT. The Revised Rent shall be the amount to be determined at the Review Date by multiplying the Initial Rent by the Review Date Figure and dividing the result by the Base Figure
REVISED RENT. The Revised Rent for any Review Period is to be determined at the relevant Review Date by multiplying the Initial Rent by the latest index value of the Index last published before the relevant Review Date and dividing the result by the Base Figure
REVISED RENT. FREE PERIOD Clause 1.4 of the Contract of Lease shall be deleted and substitute with the following clause: "There shall be a rent free period of six (6) months during the Term:
(a) commencing on 1/st/ October 2001 until 30/th/ November 2001 (both dates included) ("1/st/ Rent Free Period"); and
(b) commencing on 1/st/ December 2002 until 31/st/ March 2003 (both dates included) ("2" Rent Free Period"); and the 1/st/ Rent Free Period and 2/nd/ Rent Free Period shall be collectively known as "Rent free Period hereinafter. During the Rent Free Period, the Lessee shall pay all charges due and stipulates in this Contract except Rent."
REVISED RENT. With effect from and including each Review Date the Annual Rent shall be reviewed and the Annual Rent payable up to but not including the next Review Date shall be the higher of:
REVISED RENT. Beginning with the occupancy of the addition by Tenant, the monthly rent shall be increased by the following amount: the total cost of the addition paid by Landlord, including all of its out-of-pocket costs in connection with this project and also including construction interest of 11.64% computed on each advance from the date of advance to the occupancy date shall be multiplied by 11.64% and divided by 12.
REVISED RENT. Beginning March 1, 1995, the monthly rent shall be $43,306.19 per month.
